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Originally Posted by OnyxCougar
... the federal government has been actively participating in and forcing a ponzi scheme on us all for YEARS.
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Quote:
Originally Posted by classicman
You mean the one called Social Security?
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Ponzi schemes are investment scams. Social Security is insurance. Happy Monkey also defined SS as insurance; not a ponzi scheme.
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Originally Posted by Happy Monkey
A Ponzi scheme with only two levels, in which everyone (who doesn't die early) gets to be in the top level eventually, isn't really a Ponzi scheme.
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Clodfobble then listed other insurance.
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Originally Posted by Clodfobble
How does that compare to Medicaid (the one for poor people, Medicare is for old people,) welfare, food stamps, or any other social program?
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Again classicman continues confusing insurance with investments.
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Originally Posted by classicman
They're all a great big Ponzi scheme.
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Quote:
Originally Posted by classicman
Lets use the above example and say I stop working and die at 79. How much am I getting after contributing my whole life? No, I am not opting for a reduced payout.
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Like most who contribute, you get a reduced payout because it is insurance.
The topic is investments and Madoff. classicman even discussed a rumored $15million removed by his wife from an investment firm - not an insurance company. classicman also discussed investment firms such as Stanford and Barrington. Why post irrelevant nonsense about insurance?
Social Security is insurance. Get over it. Opting for a reduced payout is acceptable and expected. Insurance has not an investment. Ponzi schemes are investement scams - not insurance.
Stick to the facts without your usual personal attacks. Investments and insurance are two completely different structures no matter how you confuse it with venom. Social Security is insurance - not something to invest in. Is that easy enough for you? Or is this something you learned from clown school?